Money Transfers for Expats in Australia

There are no legal restrictions on capital flows into and out of Australia.

Fees

You can generally transfer money free of charge and without restriction to another Australian account.
Your bank may charge you for international transfers, although fees may vary. You might wish to check the applicable charges and restrictions at your Australian bank.

You must make a declaration to the Customs Authority if you transfer at least A$10,000 (or currency equivalent) worth of cash to or from Australia. Additionally, you must disclose any cash, regardless of the amount, if you are requested to do so by a Customs and Border Protection officer or by a police officer.

Cash transfers include banknotes and coins, banker’s drafts, bearer instruments, e-money and negotiable cheques. International bank transfers are not within the scope of cash control rules.

Living in Australia

From your safety to shopping, living in Australia can yield great benefits as well as occasional drawbacks. Find your feet and stay abreast of the latest developments affecting expats in Australia with relevant news and up-to-date information.

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